Apple Hospitality REIT Inc [NYSE: APLE] closed the trading session at $14.33.
The stocks have a year to date performance of -13.73 percent and weekly performance of 0.42 percent. The stock has been moved at -10.94 percent over the last six months. The stock has performed -3.11 percent around the most recent 30 days and changed 0.84 percent over the most recent 3-months.
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If compared to the average trading volume of 2.28M shares, APLE reached to a volume of 1984940 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Apple Hospitality REIT Inc [APLE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APLE shares is $16.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APLE stock is a recommendation set at 2.38. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Apple Hospitality REIT Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 03, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $19 to $18. The new note on the price target was released on January 08, 2024, representing the official price target for Apple Hospitality REIT Inc stock. Previously, the target price had yet another drop from $18 to $17, while Wells Fargo kept a Equal Weight rating on APLE stock.
The Average True Range (ATR) for Apple Hospitality REIT Inc is set at 0.28, with the Price to Sales ratio for APLE stock in the period of the last 12 months amounting to 2.48. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 0.16. Price to Free Cash Flow for APLE in the course of the last twelve months was 10.50.
APLE stock trade performance evaluation
Apple Hospitality REIT Inc [APLE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.42. With this latest performance, APLE shares dropped by -3.11% in over the last four-week period, additionally sinking by -10.94% over the last 6 months – not to mention a drop of -5.76% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APLE stock in for the last two-week period is set at 49.86, with the RSI for the last a single of trading hit 51.52, and the three-weeks RSI is set at 49.02 for Apple Hospitality REIT Inc [APLE]. The present Moving Average for the last 50 days of trading for this stock 14.44, while it was recorded at 14.36 for the last single week of trading, and 15.55 for the last 200 days.
Earnings per share (EPS) analysis for Apple Hospitality REIT Inc [APLE] stock
With the latest financial reports released by the company, Apple Hospitality REIT Inc posted 0.26/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APLE.
Apple Hospitality REIT Inc [APLE]: Institutional Ownership
There are presently around $88.68%, or 95.03%% of APLE stock, in the hands of institutional investors. The top three institutional holders of APLE stocks are: BLACKROCK INC. with ownership of 40.69 million shares, which is approximately 16.7858%. VANGUARD GROUP INC, holding 36.22 million shares of the stock with an approximate value of $$526.7 million in APLE stocks shares; and VANGUARD GROUP INC, currently with $$191.07 million in APLE stock with ownership which is approximately 5.392%.
